Focused Wealth Management Inc Takes Position in Solitario Resources Corp. $XPL

Focused Wealth Management Inc acquired a new position in Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 984,900 shares of the basic materials company’s stock, valued at approximately $741,000. Focused Wealth Management Inc owned 1.06% of Solitario Resources as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of Solitario Resources in the 3rd quarter worth $35,000. XTX Topco Ltd raised its stake in Solitario Resources by 185.0% during the 4th quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 34,415 shares during the period. GSA Capital Partners LLP purchased a new stake in Solitario Resources in the 2nd quarter worth about $80,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of Solitario Resources in the fourth quarter worth approximately $130,000. Finally, Citadel Advisors LLC purchased a new stake in Solitario Resources in the 3rd quarter worth approximately $194,000. 18.23% of the stock is currently owned by institutional investors and hedge funds.

Solitario Resources Stock Up 0.3%

Shares of XPL opened at $0.80 on Tuesday. The company has a 50-day moving average price of $0.76 and a two-hundred day moving average price of $0.80. The stock has a market cap of $75.95 million, a price-to-earnings ratio of -13.37 and a beta of 0.46. Solitario Resources Corp. has a 12 month low of $0.54 and a 12 month high of $0.98.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last announced its earnings results on Thursday, August 6th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Equities research analysts expect that Solitario Resources Corp. will post -0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “buy” rating and set a $1.20 price objective on shares of Solitario Resources in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1.20.

About Solitario Resources

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.